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So the UK voted to leave the EU, key political figures resigned, North Ireland and Scotland might want to leave the UK, and the stock market went into a free fall. What does it all mean? I don’t know, and nobody does. But don’t panic and close your 401(K) or move all the money into bonds.

My new mortgage company wants to see the balance of my 401(K) account. That turned out to be a bit of a problem, but for the right reasons.

You see, I might or might not get 401(K) statements. I don’t look at them. Sometimes I save them. Usually I don’t. So I hadn’t looked at my 401(K) balance in years, and I really only had a vague idea what was in it. I knew there ought to be enough to make the lender happy.

What I found when I finally got my hands on a statement shows why part of my strategy is to never look at the account. Read more

I’m not a big fan of financial advisers. Their job is to sell you financial products, not to look out for your own best interests. I learned that the hard way, after sending most of what I made in my early 20s to one. He doubled my money in a year or two, but erased the gain and then some just as quickly. So I had motivation to learn how to invest without a financial adviser.

There’s a pretty easy formula you can use to outperform 90-95% of financial advisers.Read more